Pune has emerged as India’s second-largest market for Global Capability Centres (GCCs) in 2025, overtaking Hyderabad and Chennai. According to Cushman & Wakefield, Pune’s GCC gross leasing volume doubled year-on-year to 5.43 million sq. ft., reflecting corporate confidence and positioning the city as a key driver of India’s office real estate growth.
Pune’s commercial real estate sector reached a milestone in 2025, with GCCs accounting for 55% of the city’s total office leasing of nearly 10 million sq. ft.. The surge highlights Pune’s growing strategic relevance in India’s GCC ecosystem, supported by sectoral diversity, scale, and a maturing occupier base.
Average deal sizes in Pune stood at 78,784 sq. ft., underscoring the maturity of its leasing market. The city climbed two positions from 2024, overtaking Hyderabad and Chennai, while Bengaluru retained the top spot.
India’s overall GCC market also hit record highs, with GCCs contributing over 40% of total office leasing across the top seven cities, absorbing more than 32.5 million sq. ft. in 2025.
Major Takeaways
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Pune became India’s second-largest GCC market in 2025
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GCC leasing volume in Pune doubled to 5.43 million sq. ft. year-on-year
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GCCs contributed 55% of Pune’s total office leasing (~10 million sq. ft.)
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Average deal size: 78,784 sq. ft., reflecting market maturity
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Pune overtook Hyderabad and Chennai; Bengaluru remains top GCC hub
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India hosts 1,700+ GCCs employing nearly 1.9 million professionals
Conclusion
Pune’s rise as India’s second-largest GCC hub underscores its growing importance in global corporate strategies. With strong leasing momentum and sectoral diversity, the city is poised to play a pivotal role in India’s $105–110 billion GCC market projected by 2030, reinforcing its position as a dynamic growth engine.
Sources: Cushman & Wakefield, The Hindu BusinessLine, Pune Pulse, FICCI–Anarock Report